all those oil rally, does not deny the fact that petronas is reporting RM17B lose in the latest quarter and capex reduction for the rest of the year. And dayang is merely a contractor and does not produce any shit of oil or gas.
ramunia..ramunia ramunia.. do you know how long paktua being play at dayang?? ihik ihik.. do you know how long Paktua play at LKL, HLT.careplus?? do know how many paktua troops? iyaaaa iyaaa paktua love all say paktua means Paktua is good laa ihik ihik..
here anyone can prove it if paktua wrong.. paktua buy before price up see the date when paktua buy in?? ihik ihik..
tut tut any way ramunia..real you underestimate paktua ability..come see inside paktua dark world on telegroup try finished two month of paktua tough exercise training with more then new 300 recruit can be your saksi..
The analyst cited Petroliam Nasional Bhd (Petronas), Exxon Mobil, Royal Dutch Shell, Saudi Aramco and Petrobras as national oil companies that have slashed capital expenditure this year, adding that new contract awards to Malaysian operators dropped 62% year-on-year to RM2.2 billion for 1H2020 with worse to come in 2H2020.
Petroleum Arrangement Contractors have hundreds over oil and gas platform in East Malaysia which required top side maintenance , turn around , facility improvement and so forth hence irrespective of oil price these platforms need to undergo the TSM, TA, FIP etc thus Dayang with her fleets will have recurrence projects year after year.
Agree with Mr. Ting that, there will be many recuring projects, TSM, TA, FIP, etc. etc. With cost cutting, delay, or even cancellation of project. Perhaps Dayang should deserved a lower valuation instead.
Looking ahead, we believe that the outlook in second half of 2020 will improve considerably as crude oil price has also stabilised at a healthy level which bodes well for the oil and gas industry. In addition, our order book remains strong at an estimated value of RM3.8 billion, which will ensure healthy earnings visibility over the next few years. We will continue to be vigilant and exercise due care and prudence in the running and administration of the company’s business. We remain confident that our strong execution track record and a healthy balance sheet, will sustain the Group through this challenging period.
KUALA LUMPUR (Aug 21): Dayang Enterprise Holdings Bhd suffered a net loss of RM985,000 or 0.09 sen per share for the second quarter ended June 30, 2020 (2QFY20), hit by lower vessel utilisation and higher costs arising from the Covid-19 pandemic.
The lower vessel utilisation in its 60%-subsidiary Perdana Petroleum Bhd at 52%, from 55% in 1QFY20, was caused by delayed work orders due to the Movement Control Order, Dayang said in its stock exchange filing.
Meanwhile, the higher costs quarter-on-quarter came as it adhered to the standard operating procedures to combat Covid-19, it added.
For 1QFY20, Dayang posted a net profit of at RM9.33 million or 0.88 sen per share.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mamatede
3,950 posts
Posted by mamatede > 2020-08-12 00:23 | Report Abuse
all those oil rally, does not deny the fact that petronas is reporting RM17B lose in the latest quarter and capex reduction for the rest of the year. And dayang is merely a contractor and does not produce any shit of oil or gas.